Hilltop (NYSE:HTH)‘s stock had its “hold” rating reissued by research analysts at Stephens in a report issued on Thursday, AnalystRatings.com reports. They presently have a $27.00 target price on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 5.97% from the company’s previous close.
A number of other equities research analysts also recently issued reports on HTH. ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. TheStreet upgraded shares of Hilltop from a “c+” rating to a “b-” rating in a research note on Friday, July 19th. Finally, Raymond James upgraded shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.90.
Hilltop stock traded up $0.29 during trading hours on Thursday, reaching $25.48. 500,616 shares of the stock were exchanged, compared to its average volume of 468,240. The company has a market cap of $2.33 billion, a P/E ratio of 19.91 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. Hilltop has a twelve month low of $16.43 and a twelve month high of $25.61. The stock has a 50 day moving average of $24.04 and a two-hundred day moving average of $22.25.
In other news, insider Darren E. Parmenter sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total value of $96,000.00. Following the sale, the insider now directly owns 35,778 shares in the company, valued at approximately $858,672. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new stake in Hilltop during the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio boosted its position in Hilltop by 87.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock worth $30,000 after buying an additional 653 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Hilltop during the 2nd quarter worth approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in Hilltop during the 2nd quarter worth approximately $54,000. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in Hilltop during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 61.89% of the company’s stock.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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